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Exploring new opportunities through collaboration within and beyond sectoral systems of innovation in the fourth industrial revolution
[Financial dependence and innovation: the case of public versus private firms]

Author

Listed:
  • Xiaolan Fu
  • Xiaoqing (Maggie) Fu
  • Carmen Contreras Romero
  • Jianping Pan

Abstract

This article investigates how a leading Chinese multinational enterprise in a core sector of the fourth industrial revolution manages research collaborations within and beyond its sectoral systems of innovation to create novel innovations and push the technological frontier of the industry. We find the firm expanded its technology boundaries through collaborations, particularly multidisciplinary collaborations in both core and noncore technological areas of the industry to establish and maintain its leadership in this dynamic sector. High disciplinary diversity in the company’s collaborative research portfolio is positively associated with the novelty of its innovation outputs. Promising noncore technologies have been integrated into its production through collaborative research, thus promoting technological convergence at both the firm and the sectoral levels. As a result, the boundary of the industry is expanded.

Suggested Citation

  • Xiaolan Fu & Xiaoqing (Maggie) Fu & Carmen Contreras Romero & Jianping Pan, 2021. "Exploring new opportunities through collaboration within and beyond sectoral systems of innovation in the fourth industrial revolution [Financial dependence and innovation: the case of public versu," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(1), pages 233-249.
    • Handle: RePEc:oup:indcch:v:30:y:2021:i:1:p:233-249.
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    File URL: http://hdl.handle.net/10.1093/icc/dtaa058
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    Cited by:

    1. Zeng Gang & Zhang Yi & Cao Xianzhong, 2023. "Cross-Border knowledge pipelines and innovation performance of chinese firms: evidence from Zhangjiang in Shanghai," ZFW – Advances in Economic Geography, De Gruyter, vol. 67(1), pages 33-46, May.
    2. Segundo Abrahán Sanabria Gómez, 2022. "Progreso tecnológico y desigualdades económicas: una aproximación empírica para Colombia (1974-2015)," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 41(73), pages 85-112, February.

    More about this item

    JEL classification:

    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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